Friday, July 24, 2015

July 24 - Equities correcting hard, GLD spiking

Equities are dropping like a rock today and once again on not impressive volume but the old adage is only price pays and those who got in short at the top of the cycle are seeing some nice gains today.
Unfortunately my system triggered an exit a few days ago and I had to adhere to it.  I am contemplating tweaking things when the daily and shorter say 1 hr timeframes conflict as the downward moves are getting stronger and stronger.

GLD breaking out now.  Too early to say whether this is the real deal but so far promising and my DUST puts should get moving at some point.

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May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...